Tuesday, 21 April 2015
Last updated 10 hours ago
Mar 17 2010 | 11:25am ET
The little black rain cloud of hedge fund indices has come to rain on your St. Patrick’s Day parade.
The Lipper Hedge Fund Composite Index fell 0.29% in February; most hedge fund indices showed hedge funds bouncing back last month after a losing January.
All of Lipper’s subindices save one were in the red in February, with only managed futures funds managing a positive show (0.26%) in the industry’s most pessimistic benchmark.
On the bright side, no strategy index lost even 1% last month. 'Other hedge' strategies did the worst, falling 0.98%, followed by dedicated short-bias, which dropped 0.64% and global stock markets gained. Long-bias funds lost 0.52% and long/short equity funds 0.28%.
Event-driven funds fell 0.11%, and option arbitrage funds just 0.01%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…